Dear Agent,
So glad I previewed your listing for my client the other day. My client is qualified for FHA financing as you know and after our telephone call I understood that all the home needed was a little paint and a steam clean of the carpet - certainly something my client could handle.
It says clearly on the MLS that you will take FHA Financing. On the flip side I am now to understand your seller (the bank) is only selling as is and will not do a thing to fix the place up.
Before I got out of the car I could see the eaves had dry rot on them, baby we are not talking a little worn paint - I could break them off with my bare hand if I wanted. The Lawn (or actually where the lawn used to be) looks like crap - but as I understand it that will not stop an FHA loan.
Photo by Sage on Flickr
The kitchen actually look kind of nice - I hope your client is willing to put a Fridge in it to satisfy the FHA Lender. But I am afraid if we steam clean this carpet and pull or the grease and pet oders out of it there will not be a carpet left. It won't take much paint to cover up the gang tags in the house, but maybe a little more for a full paint job after we sheet rock the holes in the wall.
That master bathroom is unique. I have never seen a floor slopped like that so any water on the floor will run off towards the exterior. Do you have a foundation problem? I looked outside and did you know I could see where that section of the house has had patching applied to the stucco and an attempt to create some drainage. Of course most of the landscaping was still dumping water right at the house.
Now supposing for some reason the price came down to a more realistic number and my client decided to take a chance on this home; would your seller wait for us to complete a 203K loan with FHA? I thought not!
So why do you say in the MLS you will take FHA Financing?
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